Commissioning of DFC to drive the containerized cargo movement

Company
09 Apr 2024
5 Min read 
  • Container Corporation (CCRI) will benefit from the Dedicated Freight Corridor (DFC) and a modal shift in cargo movement.
  •  CCRI's strong positioning at JNPT and the commissioning of DFC will drive volume growth.
  •  Domestic container volumes for CCRI are expected to scale up due to new services and partnerships.
  •  With the commissioning of DFC and increased double-stacked trains, CCRI's volumes are projected to grow at a CAGR of 10%.
  •  LLF provisions are expected to reduce, expanding margins for CCRI.
  •  Reiterate BUY with a target price of INR1,120.
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